OTCPK:PGMFF - Post by User
Comment by
DRYOASISon Aug 03, 2021 8:28am
209 Views
Post# 33641429
RE:Red Lake gets support with Evolution Mining
RE:Red Lake gets support with Evolution MiningI smell a buyout, will it be Evolution Mining or AngloGold-Ashanti ????????
Maybe this quarter right after drill results and new resources increase ???????
GLTA !!!!!!!
DRYOASIS wrote: Say hello to our new neighbours !!!
Evolution Mining is making a big investment in its Red Lake mine complex in Ontario in hopes of turning the region into a premier mining district. Courtesy of Evolution Mining.
Australian company Evolution Mining plans to make a large investment in its Red Lake gold mining and milling facility, spending hundreds of millions over the next three years with the intent of bringing gold production up to 350,000 ounces per year by 2026, Northern Ontario Business reports. To reach this goal, Evolution also acquired the nearby Bateman Mine, which together with the Campbell and Cochenour mines brings the company’s combined mineral resources in the area to 11.1 million ounces from 47.8 million tonnes of ore grading at 7.19 grams per tonne, which the Evolution hopes will accelerate the Red Lake area into a premier mining district.
https://magazine.cim.org/en/news/2021/weekly-mining-news-recap-july-23-2021-en/